Construction Loans & House and Land Packages
Build or renovate with a construction loan
Whether you are looking at a house and land package, or considering a substantial renovation of your existing home, you will require a construction loan.
These kinds of home loans can be daunting, and a mortgage broker is the perfect expert you need to help you through the complexities of these products.
A construction loan is a product that allows proceeds to be drawn progressively as your building goes through various stages.
If you are considering a house and land package, construction home loans often form one part of the overall package you will require, with a split to purchase the land separately.
Construction home loans do vary from lender to lender with differences including:
- Loan terms
- Building timeframes
- Payment types
- Fees & charges
- Inspections and builder payment restrictions
- Cost plus or fixed price contracts
Speak to a mortgage broker at Mortgage Choice Charmhaven to discuss your construction loan options today!
The right home loan for your needs
Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~